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10/03/2010
NI House Prices 'Still Falling'
House prices are continuing to fall across Northern Ireland, new figures have revealed.
The latest survey from the Royal Institution of Chartered Surveyors (RICS) showed that house sales are increasing but are still some distance from reaching "normal levels".
"The housing market, like the economy, is in recovery mode," said RICS Northern Ireland housing spokesman, Tom McClelland.
"However, like the economy, recovery in the housing market is going to be slow. Housing transaction levels, which are the most important factor in the housing market recovery, are rising, but at a marginal rate, and are still a long way off what you could call normal levels."
House prices are estimated to have fallen by around 40% in Northern Ireland, since the 2007 property boom.
Mr McClelland continued: "In terms of prices, there continues to be some movement, but we anticipate that average house prices will be broadly flat over the course of the next couple of years.
"However, there will be variations and there are risks."
(NS/BMcC)
The latest survey from the Royal Institution of Chartered Surveyors (RICS) showed that house sales are increasing but are still some distance from reaching "normal levels".
"The housing market, like the economy, is in recovery mode," said RICS Northern Ireland housing spokesman, Tom McClelland.
"However, like the economy, recovery in the housing market is going to be slow. Housing transaction levels, which are the most important factor in the housing market recovery, are rising, but at a marginal rate, and are still a long way off what you could call normal levels."
House prices are estimated to have fallen by around 40% in Northern Ireland, since the 2007 property boom.
Mr McClelland continued: "In terms of prices, there continues to be some movement, but we anticipate that average house prices will be broadly flat over the course of the next couple of years.
"However, there will be variations and there are risks."
(NS/BMcC)
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15 September 2011
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Unemployment To Blame For Falling House Prices
High unemployment and budget cuts are being blamed for the falling house prices in Northern Ireland, according to a survey by the Royal Institution of Chartered Surveyors. The report by RICS and Ulster Bank also found that transaction volumes remained static in August.
30 September 2010
House Prices Rising, But Trend Still Down
There has been conflicting evidence on local property prices - which rose 1.6% during the past three months - but was still not enough to offset previous falls. Nationwide said of Northern Ireland "the annual rate of house price falls actually accelerated from 5.2% to 11.1%".
House Prices Rising, But Trend Still Down
There has been conflicting evidence on local property prices - which rose 1.6% during the past three months - but was still not enough to offset previous falls. Nationwide said of Northern Ireland "the annual rate of house price falls actually accelerated from 5.2% to 11.1%".
05 December 2006
NI house prices rise dramatically
House prices in Northern Ireland are now rising at more than 32% a year, according to a survey of local residential property sales.
NI house prices rise dramatically
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20 February 2008
Property Boom Over?
Those selling their homes have 'missed the boat' - according to a new survey - and even those buyers hoping to cash in on a downturn in the market are still struggling.
Property Boom Over?
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27 June 2019
Average NI House Price Stands At £162k
House prices in Northern Ireland are said to be growing steadily with the average home now selling for around £162,914- a modest annual increase of 1.2%. The latest Quarterly House Price Index from Ulster University said growth rates have remained relatively muted over the last three quarters.
Average NI House Price Stands At £162k
House prices in Northern Ireland are said to be growing steadily with the average home now selling for around £162,914- a modest annual increase of 1.2%. The latest Quarterly House Price Index from Ulster University said growth rates have remained relatively muted over the last three quarters.
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